Pharmaceutical Packaging Market
According to the research report published by DataM Intelligence, the global Pharmaceutical Packaging Market size is expected to reach USD million by 2029, with growth at a CAGR of 9.5% during the forecast period 2022-2029.
Pharmaceutical packaging refers to the packaging materials utilized to pack produced pharmaceuticals such as medicines and similar pharmaceutical preparations to prevent contamination and extend their shelf life. Pharmaceutical packaging encompasses all the various forms of packaging ranging within primary, secondary, and tertiary packaging phases.
Pharmaceutical Packaging Market Growth Dynamics
The worldwide pharmaceutical packaging market is being driven by increased demand for the formulation of various pharmaceutical medications and rising healthcare and pharmaceutical sector spending. Pharmaceutical packaging is used to preserve and protect pharmaceuticals from damage and impact. It is also necessary for brand identification, marketing and promotion, and enabling pharmaceutical goods’ specific usage and information. The rising demand for pharmaceutical medications has spurred the pharmaceutical packaging industry due to the global incidence of chronic diseases.
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Pharmaceutical Packaging Market COVID-19 Impact Analysis
The pandemic period was a boon in disguise for the pharmaceutical industry, propagating the demand and sales of the sector many folds. Irrespective of the pandemic affecting most markets, the pharmaceutical market grew exponentially along with the global pharmaceutical packaging market since every pharmaceutical product requires a specific, product-oriented packaging product to ensure the safety of the respective product during storage and transit.
Pharmaceutical Packaging Market Segment Analysis
By Type:
Plastic Bottles
Temperature-Controlled Packaging
Ampoules
Vials
Prefilled Inhalers
Blister Packs
Pouches & Strip Packs
Medication Tubes
Jars & Canisters
Cartridges
Labels & Accessories
Caps & Closures
Medical Specialty Bags
Prefilled Syringes
Others
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By Raw Material:
- Paper & Paperboards
- Plastics & Polymers
- High-Density Polyethylene
- Polyester
- Polypropylene
- Low-Density Polyethylene
- Polyvinyl Chloride
- Cyclic Olefin Copolymer
- Polyethylene Terephthalate
- Others
By Drug Delivery Mode:
- Oral Drug Delivery Packaging
- IV Drugs Delivery Packaging
- Pulmonary Drug Delivery Packaging
- Injectable Packaging
- Transdermal Drug Delivery Packaging
- Topical Drug Delivery Packaging
- Nasal Drug Delivery Packaging
- Ocular Drug Delivery Packaging
By Application:
- Veterinary Vaccines
- Drug Delivery
- Oral Drugs
- Topical
- Ophthalmic
- Nasal
- Pulmonary
- Transdermal
By End-User:
- Government Agencies
- Packaging Companies
- Manufacturer
The temperature-controlled packaging has the largest market share, owing to the sensitivity of pharmaceutical preparations and the increased need for the safe transit of pharmaceutical preparations from facilities to end-users sites at properly regulated temperatures to avoid damage and contamination.
Pharmaceutical Packaging Market Regional Insights
According to the IFPMA, North America accounted for about 48.9 percent of overall pharmaceutical sales, compared to 23.2 percent in Europe and Asia-Pacific. Increasing healthcare spending is also a valid drier that boosts medication and pharmaceutical packaging sales in the North American area. Further, the prescription sales in U.S. also created a massive demand for pharmaceutical packaging in this region, followed by Europe and Asia-Pacific, respectively.
The Asia-Pacific is also growing swiftly in the global pharmaceutical packaging market due to the increase in demand for pharma drugs associated with the population explosion and the region’s high number of chronic ailments.
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Major Companies Leading the Global Pharmaceutical Packaging Market:
Key players contributing to the market growth include McKesson Corporation, CCL Industries, 3M, Gerresheimer AG, WestRock Company, Amcor plc, Berry Global Inc., Mondi, Thermo Fisher Scientific, Robert Bosch GmbH, among others.
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Key Points Covered in the Full Report:
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of the global Pharmaceutical Packaging Market Segmentation by Type, by Raw Material, by Drug Delivery Mode, by Application, and by End User, and region highlighting the key commercial assets and players.
- Identify commercial opportunities in the global market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, pipeline analysis and pricing analysis.
- Excel data sheet with thousands of data points global Pharmaceutical Packaging Market -level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regard to the scope offered will be addressed within 24- 48 hours.
3) An excel sheet with market numbers will be provided separately
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